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THE ARC COMPANIES PROJECTS

The Arc Companies have put together a team of professionals with diverse skills and expertise determined to deliver the best returns within the confines of our business principles. Whether market direction is clear or unclear, we have the experience and strengths to deal with the situation.

The ARC Companies have taken control of what the brokerage community in New York regard as one of a small handful of top of the line office projects in Westchester. Located at 555 Theordore Fremd Avenue, it is the rare office project that is a short walk to a major commuter rail line connecting to New York City and Greenwich and Westport Connecticut. Built in 1990, the three connected building complex has an atrium, conferencing facility, fitness center, and superior food service. The building has attracted a broad range of International companies as well as hedge funds and opportunity funds.

In 2014, Arc recently completed the acquisition of three West Clinic medical offices located within the Memphis MSA. The portfolio consists of 30,000+ leaseable square feet on over 7.25 acres. As part of the acquisition, Arc arranged for senior debt financing for the portfolio from a major investment bank. West Clinic is the region’s premier provider of interdisciplinary cancer care, and is a leader in research and treatment in the fields of oncology, hematology, radiology, and cardiology. The assets are subleased to Methodist Le Bonheur Healthcare on a triple-net lease basis and had 17 years of base term remaining at acquisition. They are an investment grade tenant, with an A2 rating from Moody’s. Arc anticipates this acquisition to have a long-term hold period and expects the assets to generate healthy annual cash flow after debt service.

The Arc Companies located a family corporation interested in disposing of a residential property in an historic district of the West Village. The family had suffered through a few years where the net after tax cash flow of the property was negative. Agreeing on a market based multiple to acquire the property and a structure that would substantially increase the net after tax return for the family while providing the Arc Companies with an opportunity to add substantial value to a passively asset managed property, the Arc team developed a multi-option strategy. The Arc team largely repositioned the tenant body to one willing to pay closer to market rent levels as well as rent terms compatible to a renovation if that turned out to be the best option. At the same time, the Arc Companies assembled an experienced team to study design alternatives and construction costs to reposition the 140,000+ square foot property. Having resolved that the best way to maximize value was to undertake a total makeover of the building built originally at the end of the 19th century, the Arc Companies brought in private equity and additional partners to effectuate the conversion. This unique and historic residential building will become available in 2016.

The Solaria is an iconic 20-story luxury condominium located in Riverdale. Riverdale is an enclave in New York City that has been and is home to many distinguished Americans. Affiliates within the Arc group of companies entered into a long-term acquisition contract, acquired adjoining excess development rights, assembled a team of advisors responsible for a significant share of high rise residential construction, and executed on the development plan. Along the way, to secure its entitlements it put in a foundation in 28 days and took the property through a Board of Standards and Appeals proceeding to vest its development rights.

Affiliates within the Arc group of companies tied up in 1992 - one of the largest, well–located, underdeveloped parcels in Manhattan. After eliminating an encumbering land lease and consolidating the ownership, members of the Arc team - rezoned the property from a manufacturing designation to a general commercial designation permitting commercial, retail, residential and parking uses, and prepared plans for an approximately 1.4 million square feet mixed–use project that was ready for fast–track construction. Before construction commenced, the Dormitory Authority of the State of New York took the property by eminent domain.

Members of the Arc team joint ventured the acquisition and financing of a partially occupied apartment building occupying a prominent place along an ocean front block in Atlantic City, New Jersey. The team emptied the building without incident and repositioned it as a time share resort after rezoning the property. The property was sold to Fairfield Resorts.

Members of the Arc team, lead the negotiations which took the site on which this center is built from an undevelopable ground lease with underperforming assets and turned it into a lease that could be developed for the benefit of the government agency lessor and the lessee. In a subsequent phase, members of the Arc team dealt with several major shopping center developers before concluding a joint venture with Taubman for a major upscale retail mall development that opened in 2001. Office sites were sold or joint ventured to other participants on the favorable ground lease.

Members of the Arc team lead negotiations and financing efforts that resulted in the first and largest turnkey development deal for the State of New York. Members of the team spearheaded all aspects of the development. When they first became involved, the core property was in foreclosure, and trade creditors were threatening bankruptcy proceedings. The team acquired trade creditor claims and refinanced the senior debt avoiding bankruptcy, assembled contiguous parcels, obtained additional financing, and concluded transactions with architects, engineers, contractors and end users to bring the award-winning project to completion.

Members of the Arc team, together with a joint venture, identified property which had formerly been a Marriot hotel at JFK, one of the leading airports in the United States. The building was not in service and its redevelopment had stalled as a result of a falling out between the partners. The property had been on the market and several deals had fallen through. The sellers would not entertain a contract and allow rigorous due diligence until a nonrefundable deposit was put up. Having done independent due diligence and determined that it was worth the risk, the joint venture tied up the property and secured an extended contract. Plans were made for the repositioning of the property. At the closing, two disappointed bidders surfaced and offered 50% more than the contract price secured by the joint venture. The property was resold for a substantial profit shortly after it was acquired.

Members of the Arc team joint ventured an unsuccessful bid for this rent-stabilized apartment building in Manhattan with ground floor retail. Having maintained strong relationships with the brokers on the transaction when the brokers received a call that contract negotiations had broken off, the brokers offered the team the opportunity to take over the deal provided they went to contract in 24 hours. The team met the deadline. Subsequently, the team converted the building to condominium ownership, cashed out investors in less than three years and retained a significant number of apartments as well as valuable Third Avenue retail space.

Members of the Arc team with a joint venture partner approached a money center bank to acquire a property that had been taken back in foreclosure. The team negotiated the acquisition, financed the repositioning of the property and resold the hotel portion of the asset to the Wyndham organization for the Wyndham Gardens at LaGuardia Airport.

Acres of rolling hills, meadows, ponds, and woodlands with virtually endless white sand beaches, two championship golf courses and an unsurpassed list of upscale amenities on coastal New England, New Seabury is the largest resort on Cape Cod. Members of the Arc team helped negotiate a management leveraged buyout.

Members of the Arc team advised a group of nationally prominent investors on dealing with a multi–faceted 8,000 acre development in Fort Myers, Florida known as Bay Beach and Estero Island, They helped the group maintain ownership after termination of funding by the group’s prime lender. Their role grew to the point of running the project in the final stages of a debt restructure that got the investors out whole with significant upside as opposed to walking away from significant investments with no recovery.